UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): February 9, 2005
ROCK OF AGES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-29464 03-0153200
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
772 Graniteville Road, Graniteville Vermont 05654
(Address of principal executive offices) (Zip Code)
(802) 476-3121
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ROCK OF AGES CORPORATION
FORM 8-K
Item 1.01 Entry into a Material Definitive Agreement
On February 9, 2005, the Compensation Committee of the Board of
Directors of Rock of Ages Corporation (the "Corporation")
determined respective bonus amounts for 2004, and increased the
respective base salaries for 2005, to be paid to certain
officers, including the following bonuses and salary increases
for certain of our executive officers:
Name and Title of
Executive Officer 2005 Base Salary 2004 Bonus
Jon M. Gregory, $420,004, including $30,000
President and $100,000 of deferred
Chief Operating salary (increased from
Officer/Quarries $300,004, including
Division $40,000 of deferred
salary)
Kurt M. Swenson, $485,000, including none
President, Chief $100,000 of deferred
Executive Officer salary (increased from
and Chairman of $445,000, including
the Board of $85,000 of deferred
Directors salary)
Rick Wrabel, $320,004 $20,000
President and (increased from
Chief Operating $280,008)
Officer/Memorials
Division
We have not entered into an employment agreement with Mr.
Gregory. A summary of Mr. Swenson's employment agreement has
been included in our proxy statements, and a copy of the
agreement has been filed as an exhibit to our annual reports on
Form 10-K. A copy of Mr. Wrabel's employment agreement was filed
as an exhibit to our quarterly report on Form 10-Q for the
quarter ended March 31, 2004. The other terms of Mr. Swenson's
and Mr. Wrabel's employment, as set forth in their respective
employment agreements, remain unchanged.
Item 8.01 Other Events
On February 9, 2005, the Board of Directors of the Corporation
declared a quarterly cash dividend of $0.025 for each share of
common stock, payable on March 15, 2005 to stockholders of
record on February 21, 2005. The Corporation expects to announce
its earnings for the fourth quarter, as well as the 2004 fiscal
year, on or about February 24, 2005.
ROCK OF AGES CORPORATION
FORM 8-K
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
ROCK OF AGES CORPORATION
Dated: February 11, 2005 By: /s/ Michael B. Tule
------------------------------
Michael B. Tule
Vice President/General Counsel